The accused, who resides at No 16, Thomas Salako St., Ogba, Lagos, is facing a three-count charge of fraud, stealing and issuing dud cheque.

The prosecutor, Insp. Chinalo Uwadione, told the court that Olaborede, obtained Ultomax Plus fungicide worth N1.4 million from Harvest Field Industry Limited.Uwadione said that the accused “knowing that his representation was false, fraudulently and dishonestly obtained the chemicals under the pretext of paying after sales.”

However, he did not pay the money as promised.”The prosecutor alleged that the defendant issued a Zenith Bank cheque of N1 million to the company as part payment on July 8 and 28, 2013.

He said that the cheques were dishonoured at the bank due to insufficient funds in the account. Uwadione said that the offences were committed between July and August 2013, at No. 1, Isheri Road, Isheri, Lagos.The prosecutor said the offences contravened Sections 285, 312(1) (B-), and 319 (B-), of the Criminal Law of Lagos State 2011.

The accused, however, pleaded not guilty when the charges were read to him.Section 312 of the Criminal Law prescribes fifteen years imprisonment for offenders.

The Magistrate, Mrs Margaret Dan-Oni, granted the accused bail in the sum of N500,000 with two sureties in like sum.The case was adjourned till October 14, 2014 for mention.